The quantity demanded will decrease by 2%.
This can be determined using the elasticity formula as follows:
e = Percentage change in quantity demanded change / Percentage change in price ........ (1)
e = elasticity of demand for college textbooks = -0.1
Percentage change in quantity demanded change = ?
Percentage change in price = 20%
Substituting the values into equation (1) and solve for Percentage change in quantity demanded change
-0.1 = Percentage change in quantity demanded change / 20%
Percentage change in quantity demanded change = -0.1 * 20% = -0.02, or -2%
Since the Percentage change in quantity demanded change is negative 2%, it implies that the quantity demanded will decrease by 2%.
The trend line lies on the points (0,100) and (15,900)
Education has help man to be able to shape a better society to live in by knowing and obeying rights, laws etc. In this situation, the social benefit will be Greater than the private benefit and the amount of education produced will be below the socially efficient amount.
Education has help in a lot of ways. These ways includes;
- It has help to become better citizens.
- It has also help people to secure better-paid job.
- Education shows us the essence of hard work.
Community education is also called community-based education. This is simply an organization's programs aim to promote learning and social development work with individuals and groups in a said communities through the agent of formal and informal methods.
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Based on the information given, it can be deduced that the method of overcoming resistance that's illustrated is known as D. Force-field analysis.
Force-field analysis simply means the framework of looking at the factors that resulted in a particular situation. It's vital in knowing the root cause of an issue.
It should be noted that force-field analysis can either drive the movement towards a goal or block the goal. It's a method for overcoming resistance to organizational change.
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Because I don't want to be in your house.